Posts Tagged ‘pharmaceutical company’

How The Drug Rep Succeeds In The Pharmaceutical Job

Wednesday, May 5th, 2010

The last two pharmaceutical blog posts covered an interesting real life case showing that sometimes it is possible to successfully sell an older drug against the new blockbusters out there in the market. It’s a matter of finding weaknesses that the new products had.   This is how the drug rep succeeds in the pharmaceutical job especially when selling a medication product that has been in the market already for quite some time.

The drug reps for this small company promoted their older drug as a solution for the problems doctors had with their patients with severe hypertension.  Notice that they didn’t go after all hypertensive patients.  That would be much too competitive with the new agents available.  These drug reps specifically went after a niche within the hypertension group of patients, the severe cases.

These reps identified and successfully went after that niche. Incidentally, I was the product manager who developed this selling strategy for the drug discussed in this case. It was a great feeling to watch the drug reps in my pharmaceutical company succeed in selling this older product in such a competitive market.

Helping customers such as doctors with their problems is part of successful selling and showing that you understand this concept during your job interviews would help you come across as a high potential candidate for a pharmaceutical job in sales. It’s up to you to show pharmaceutical companies how you can help with their sales of their products. My book ‘How To Get A Dream Job In Pharmaceutical Sales – Direct Inside Advice and Guidance From a Sales Manager‘ covers this in depth – click the link for more information.


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Finding The Solution Part Of Medical Sales Job

Tuesday, May 4th, 2010

The last blog post introduced a new case study where doctors had to use a number of new antihypertensive agents to adequately treat patients with high levels of hypertension.  This would result in a high cost of treatment for the patients. After all, we are taking about taking a number of these new costly drugs every single day.  For the drug rep, helping the doctors finding the solution is part of the medical sales job.

The pharmaceutical company in this case study had an older antihypertensive drug that’s been out for years and long forgotten by many in the medical world.  However, unlike the newer agents out there, the official indication for this company’s older antihypertensive drug was in fact for moderate to severe hypertension, the very area that many doctors are having problems with.

This was a drug that was specifically designed to handle tougher cases of high blood pressure. And as a bonus, this older drug was not expensive compared to the newer antihypertensive agents. So the drug reps went into their sales calls and got the acknowledgement that there was indeed a major weakness with the newer antihypertensive agents. The doctors admitted that the big blockbusters just couldn’t handle the severe cases on single drug therapy.

The drug reps quickly offered the ideal solution which was to use their older drug which was specifically indicated for this tougher group of patients. These medical sales reps stressed that the cost of treatment with their drug would be significantly lower than compared to combining a few of the newer agents together. They even gave out a pocket sized price comparison card which listed the cost of treatments using the different antihypertensive drugs on the market. The doctors loved this piece as it was a handy reference tool for them.

Although this company was not able to make any major dents in the medical sales of the market leaders with its older product, it wasn’t the expectation. By sliding in the older drug for a specific group of patients that the newer medications weren’t able to address very well, the drug reps were able to carve out a healthy niche for themselves in this competitive market as sales for their product went up quite nicely.

We’ll continue with the main lessons of this wonderful real life case study in a medical sales job in the next blog post tomorrow.  I hope it gave you a good impression on the role of the medical sales drug rep.

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Want To Make A Lot Of Money Selling Drugs?

Monday, January 18th, 2010

Want to make a lot of money selling drugs?  Got your attention didn’t I?   Well, I wasn’t talking about selling drugs illegally.   I was talking about being a drug representative for a pharmaceutical company.  My full article on this career at Drug Representative, A Legal One.

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Past Pharmaceutical Industry Colleagues Can Be Future Connections

Thursday, January 7th, 2010

Funny thing happened at my local Walmart yesterday.  I was there picking up a few things and used their washroom.  There was one other guy in the washroom at the time.  Of course, didn’t think much of it.

Then when I got home, I got a message via email from one of my past colleagues from my first ever pharmaceutical company back in the early 90s.  We had just connected on LinkedIn a few weeks before.  He asked me if that was me at Walmart.  It turns out that he was the other guy in the washroom.

He thought he recognized me but by the time he was quite certain, I already exited the store.  I didn’t recognize him at all but then again, I didn’t really look at his face.  This man was one of the friendliest managers I’ve worked with in the pharmaceutical industry though.

Past pharmaceutical industry colleagues can turn out to be future connections.  My former colleague here is now with a specialty pharmaceutical company where a second former colleague of mine from another pharmaceutical company I worked at is also part of the sales team where my first colleague is at. Hopefully, they have good stories to share about me there!

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Abbott Labs People Were In Attendance At Keynote

Thursday, May 28th, 2009

I did my professional speaker keynote last night at a public seminar and many in attendance were from the pharmaceutical company Abbott Labs.  My talk was very well received and hopefully, I will get some future speaking business for Abbott Labs.

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